The court’s 7-2 decision strikes down the Professional and Amateur Sports Protection Act of 1992 and upholds the legality of a 2014 New Jersey law allowing sports betting at casinos and racetracks. Dwyer said the decision comes as the perception of sports betting in the United States is shifting.

“While people used to quickly acknowledge the social ills related to sports gambling — financial loss, addiction, and dependent behavior — they now tend to discuss the opportunity lost through offshore websites and illegal bookies,” he said. “Sports betting is prevalent and a huge business, and states, with the exception of Nevada, have not received their cut. It generates billions, and our international counterparts, such as the U.K. and Australia, have been capitalizing on this market for decades.”

“States are aware of the financial windfall, and I would suspect a number of states will join New Jersey quickly.”

“The real question now is up to the sports leagues. Will they continue to ignore it or will they embrace it and receive the additional revenue? Based on recent comments from the NBA and MLB commissioners, I would assume you will likely see support from the big four sports — the MLB, NBA, NHL, and NFL.”